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Is LinkedIn Sales Navigator worth the investment?

In 2023, LinkedIn commissioned Forrester Consulting to conduct a Total Economic Impact™ study to determine  the return on investment (ROI) of LinkedIn Sales Navigator. Using a combination of customer interviews and its own analysis, the firm found that it yielded a 312% ROI over 3 years, and paid for itself in less than 6 months.

Discover the main benefits identified by Forrester below, and read the full study for the full details, including methodology, customer testimony, and risk assessment.

Revenue growth Research efficiency Sales productivity Data accuracy Finding hidden allies Buyer intent Flexibility

Gain in net operating profit due to the increase in sales opportunities

Sales teams reported significant benefits from the search filters, list management, analytical capabilities, and accurate, up-to-date profiles provided by Sales Navigator. These features enabled them to efficiently identify and reach out to qualified prospects in less time. As a result, they observed improvements in response rates, increased meeting rates, and an increase in closed/won opportunities.

Sales Navigator not only contributed to increased annual revenue by sourcing more high-quality pipeline, but also was increasingly influential in closing sales deals. Interviewees reported an average year-over-year revenue increase of 8% (5% in year 1, 8% in year 2, and 10% in year 3), and also found that the revenue lift attributable to Sales Navigator grew from 20% to 30% over a 3-year period.

8% average yearly increase in revenue
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How Forrester calculated net profit growth

Better outreach, better outcomes

Interviewees reported Sales Navigator provided the level of foresight necessary to identify and engage with a greater volume of high-value prospects with intent to buy.



Based on a US$250M annual revenue and 12% net operating profit margin, Forrester modeled a US$1.3 million gain in net operating profit due to the increase in sales opportunities.

Improves with age

Forrester's study found that as sales professionals' familiarity with Sales Navigator increases over time, and the platform becomes more embedded in an organization's sales process, its influence on positive sales outcomes also grows. Based on testimony from the interviewees, our composite models a 20% revenue attribution to Sales Navigator in year 1, 25% in year 2, and 30% in year 3. This amounts to a US$15 million revenue lift attributable to Sales Navigator in that period.

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LinkedIn key takeaways

Equipped with quality first-party data from the world's largest professional network of over 950 million members, Sales Navigator users can use features like the Account Hub and Alerts to identify and reach out to qualified prospects in less time. With increased outreach quality comes improved sales outcomes, and interviewees in our study reported net gains in operating profit and the impact of Sales Navigator on their sales pipeline.

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Cost and investment analysis

In the Total Economic Impact (TEI) study, Forrester analyzed the costs and investment tied to adopting LinkedIn Sales Navigator. These costs encompassed testing, implementation, training (initial and ongoing), and management, as reported by interviewees. For its financial analysis, in addition to the annual Sales Navigator license fee, Forrester assumed the following:

  •  Implementation requires 20% of 20 Full-Time Employees' (FTEs') time for one month.
  •  Initial training of 8 hours per user. Ongoing training of 12 hours per user per year.
  •  Ongoing management with four internal stakeholders dedicating 1 hour per week at a rate of US$66 per hour.

The total cost over three years equated to a present value of US$1.5 million. For more details, refer to the table below or the full study.

Regional Spotlights

Asia-Pacific Spotlight

Asia-Pacific Spotlight

Europe Spotlight

Europe Spotlight

Latin America Spotlight

Latin America Spotlight

North America Spotlight

 
North America Spotlight

*LinkedIn commissioned Forrester to undertake this TEI study. Forrester does not endorse a company or its solution, and clients cannot purchase favorable opinions or results. Forrester maintains editorial control over any content created. For more information visit forrester.com/policies/tei.



**This information derives from LinkedIn proprietary data and is supplemental to Forrester's TEI Study findings.